Listing Agency: Momentum Real Estate LLC m***@gmail.com Show Phone

Listed By: Mandy Y. Shi · License #MYS6404 Show Phone

Source: Exprealty

Added: Apr 17 Changed: Jul 21 Last Checked: Aug 12 at 1:13PM

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Investment Insights

Based on property information with market context.

This newly built retail storefront is laid out with available space on both the first floor and the basement. The listing includes approximately 1,820 square feet on the first floor and approximately 1,820 square feet in the basement, offering flexible configurations for a range of retail uses.

The property is located on 7th Ave in Sunset Park, Brooklyn, and is surrounded by supermarkets, restaurants, and shops. The building includes an elevator for convenient access.

The combination of above-grade storefront space and basement area can support businesses seeking dedicated retail presence at street level while also utilizing the lower level for additional use within the same building footprint.

Key Highlights

• Newly built commercial storefront on 7th Ave in Sunset Park with heavy foot traffic from surrounding supermarkets, restaurants, and shops
• Available first‑floor retail space of approx. 1,820 sqft
• Additional basement space of approx. 1,820 sqft

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$8.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,297

Businesses Nearby

51k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 44% Shops & Services 29% Apparel 12% Electronics 9%

Key Food Groceries

17,068 visits/mo 0.5 miles

Chase Bank Shops & Services

13,539 visits/mo 0.4 miles

Bravo Supermarkets Groceries

5,355 visits/mo 0.5 miles

Jimmy Jazz Apparel

3,391 visits/mo 0.3 miles

Snipes Apparel

2,716 visits/mo 0.3 miles

Demographics for 11220, NY

105,797

Population

30,897

Households

3.4

Avg Household Size

35

Median Age

25%

College-Educated

62%

High-School Grad

1.7 sq mi

ZIP Area

62,234

Density / Sq Mi

$64,201

Median Household Income

$31,489

Median Earnings

$1,688

Median Rent

$1,021,200

Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$57.8 /SF/Yr

Avg Asking Price

$8.63–$120 /SF/Yr

Price Range

2,776 SF

Avg Space Size

This space is priced 3% above the average of $57.8 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - Newly built storefront offers first-floor and basement space, with elevator access in a heavy-foot-traffic retail area.

Where is this storefront property located?

The property is located at 4913 7th Ave Brooklyn, NY.

What is the lease rate?

The lease rate is $9,000/Mo.

What are key features of this property?

This property features: Newly built commercial storefront on 7th Ave in Sunset Park with heavy foot traffic from surrounding supermarkets, restaurants, and shops; Available first‑floor retail space of approx. 1,820 sqft; Additional basement space of approx. 1,820 sqft